July 6th, 2021
Gympass scores $220M to support the return of in-person fitness
Gympass, the digital fitness startup unicorn that scored $300M in its 2019 round of funding, has announced another round of $220M - valuing the company at $2.2B.
Since 2012, Gympass has worked directly with employers to offer workers monthly fitness passes to redeem at any gym or fitness studio. In an industry booming with competitors, Gympass focuses on its direct-to-consumer business model, and has seen a surge of clients since the COVID-19 lockdown has decreased restrictions.
The company boasts a well-rounded wellness platform, as it covers not only fitness, but therapy, mindfulness, and nutrition. It intends to use the new funds to help its US market as gyms reopen, and workplaces begin their return to fitness clubs and studios.
Gympass continues to rise above other digital fitness startups as it directly encourages employees back into gym facilities, improving the digital fitness experience, and impacting corporate wellness in America.